Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
February 19, 2026
The long story short: Overall stock prices have been driven higher by a very narrow group of stocks for several years, and to see the revival of “dinosaur” stocks starting to participate is a very welcome, healthy sign for the overall market. We expect this to continue and is a very bullish sign for the equity markets...